Editor: David Reiss
Brooklyn Law School

May 2, 2022

Foreclosure Echo

By David Reiss

  David Reiss CC BY-NC-SA Linda Fisher recently posted a pdf of The Foreclosure Echo: How the Hardest Hit Have Been Left out of the Economic Recovery, a book she co-authored with Judith Fox. It came out before the pandemic, … Continue reading

February 20, 2020

Money, Government and Mortgages

By David Reiss

I just finished reading Money and Government by Robert Skidelsky (2018).  It is a bit tough in parts for non-economists, but it is a great read for those trying to understand the appropriate relationship between economic theory and government policy.  … Continue reading

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February 20, 2020 in MBS industry | Permalink | No Comments

September 4, 2018

Housing Finance Transitions

By David Reiss

The Congressional Budget Office released a report, Transitioning to Alternative Structures for Housing Finance: An Update. The report updates a 2014 analysis to inform policymakers about how different approaches to restructuring the housing finance system would affect federal costs, risks … Continue reading

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September 4, 2018 in MBS industry | Permalink | No Comments

April 24, 2018

An Inquest into the Subprime Crisis

By David Reiss

Juan Ospina and Harald Uhlig have posted Mortgage-Backed Securities and the Financial Crisis of 2008: A Post-Mortem to SSRN. Given that the market for private-label MBS pretty much died by 2008, the title is apt. The paper presents a challenge … Continue reading

April 2, 2018

Rising Rates and The Mortgage Market

By David Reiss

The Urban Institute’s Housing Finance at a Glance Chartbook for March focuses on how rising interest rates have been impacting the mortgage market. The chartbook makes a series of excellent points about current trends, although homeowners and homebuyers should keep in … Continue reading

January 25, 2018

Credit Risk Transfer and Financial Crises

By David Reiss

Susan Wachter posted Credit Risk Transfer, Informed Markets, and Securitization to SSRN. It opens, Across countries and over time, credit expansions have led to episodes of real estate booms and busts. Ten years ago, the Global Financial Crisis (GFC), the … Continue reading

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January 25, 2018 in MBS industry | Permalink | No Comments

December 7, 2017

Preparing for the Next Housing Tsunami

By David Reiss

Greg Kaplan et al. posted The Housing Boom and Bust: Model Meets Evidence to SSRN. The abstract reads, We build a model of the U.S. economy with multiple aggregate shocks (income, housing finance conditions, and beliefs about future housing demand) … Continue reading

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December 7, 2017 in MBS industry | Permalink | No Comments